(Conditionally Rpld.)
A. The directors of the district are subject to title 38, chapter 3, article 8, relating to conflicts of interest, including the penalties prescribed by section 38-510.
B. A member of the board of directors shall not have any direct or indirect financial interest in any:
1. Property owned, purchased or constructed by the district.
2. Contract entered into by the district.
3. Private corporation or other entity with which the district contracts.